Team FirstStep Solutions In the previous instalment of insurance++ (Mutual Funds: The Best Options, Premium, September, 2010, page 34) we saw that a mutual fund investor had three options: ? Dividend Payout Option ? Dividend Reinvestment Option ? Growth Option We also saw how Growth Option would be useful to most investors. Why Dividend Reinvestment [...]

Mutual Funds (MFs) have emerged as a preferred parking place for all investible funds, both of retail and corporate investors. Those who have a large risk appetite go in for equity-based or sectoral schemes. Balanced schemes are designed for those with a smaller risk appetite whereas those who would like to have safety above all the other considerations invest in pure debt schemes.
In other words, there are different horses for different courses.
In last month’s insurance++ we saw some flavours of MF schemes and specifically what scheme suits a particular class of investors or clients in a certain financial status or situation.
In this month’s column we will see what investment options are available in each MF and the benefits of each one so that your client can choose.

Premium presents a new series called Insurance ++ that will explore and explain financial products and services to the intermediary, the agent so that he, in turn, can guide his customer and both can get out of the world of investing by trial and error.
Insurance + + will be a journey into the wonder world of investments, financial products and services by the Knowledge Team of Firststep Solutions Private Limited, Mumbai.

Selling insurance opens the doors to financial advisory and financial planning because it teaches you to develop and maintain relationships. Insurance selling is the fulcrum of a career in financial advice because of the nature of the product. Insurance is the sheet-anchor of all financial planning and wealth management techniques. There are many ways to [...]